Bluesky has announced a $15M series A raise by a crypto venture capital fund, leading many people to talk about 'enshittification'. But is enshittification the right way to look at things?
Apart from getting funded by crypto-bros, BlueSky promised to allow federation, and hasn’t. Seems any time VCs or talk of IPOs happens, the only way is down.
Apart from getting funded by crypto-bros, BlueSky promised to allow federation, and hasn’t. Seems any time VCs or talk of IPOs happens, the only way is down.